Find the principal needed now to get the given amount; that is, find the present value....
Find the principal needed now to get the given amount; that is, find the present value. To get $600 after 3 years at 11% compounded monthly The present value of $600 is $ (Round to the nearest cent as needed.)
Find the present value (the amount that should be invested now to accumulate the following amount) if the money is compounded as indicated. $9411.44 at 3.3% compounded annually for 4 years The present value is $ (Do not round until the final answer. Then round to the nearest cent as needed.) Find the present value (the amount that should be invested now to accumulate the following amount) if the money is compounded as indicated. $5600 at 4% compounded quarterly for...
Find the present value (the amount that should be invested now to accumulate the following amount) if the money is compounded as indicated. $8000 at 6% compounded semiannually for 7 years The present value is $7. (Do not round until the final answer. Then round to the nearest cent as needed.)
Find the present value for the amount given in the table. Amount $7178.41 Nominal Rate 6.1% Frequency of Conversion semi-annually Time 7 years The present value is $ (Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed)
Find the present value for the amount given in the table. Time Amount $6809.24 Nominal Rate 4.4% Frequency of Conversion annually 11 years The present value is $ (Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
Find the present value and the amount of interest earned. Use the present value of a dollar table. Present Value Amount Time I Interest Needed $18,904 10 6 % Click here to view periods 1-25 of the present value of a dollar table. Click here to view periods 26-49 of the present value of a dollar table Interest Earned Compounded quarterly What is the present value? $ (Round to the nearest cent as needed.) What is the amount of interest...
an account at an interest rate r compounded conltinuously, then the amount A (caled the future value of P) in the account t years from now wil be A P Solving the equation for P, we get PrAcft, In this formulation, Pis called the present value of the investment. (a) Find the present value of $400,000 at 6% compounded continuously for 25 years (b) Find the interest rate compounded continuously that is needed to have $40,000 be the present value...
13.1.37 Find the present value for the following future amount. $9880 at 4.5% compounded semiannually for 11 years The present value is $ (Do not round until the final answer. Then round to the nearest cent as needed.)
Find the present value for the following future amount. $ 9780 at 4.5% compounded semiannually semiannually for 14 years. The present value is $ . (Do not round until the final answer. Then round to the nearest cent as needed.)
Calculate the present value of the compound interest loan. (Round your answers to the nearest cent.) $22,000 after 8 years at 3% if the interest is compounded in the following ways. _________annually __________quarterly Find the effective rate of the compound interest rate or investment. (Round your answer to two decimal places.) 25% compounded monthly. [Note: This rate is a typical credit card interest rate, often stated as 2.1% per month.] ________% Since 2007, a particular fund returned 13.9% compounded monthly....